[CROSSHIGHWAYMAN]

Will President Bush be releasing oil from the Strategic Petroleum Reserve to account for these supply disruptions?

If Bush doesn't release enough oil to make up for the disruption...it will be criminal!

We've got 800 million barrels.

50 million or so barrels will hold off the speculators tomorrow....but he must act before the markets open.

[xrp]

Wait, aren't the Strategic Petroleum Reserves in Katrina's path, too?

[RWR8189]

The market is open right now in Asia.

[jec41]

50 million or so barrels will hold off the speculators tomorrow....but he must act before the markets open.

Good!!! Go by the reserve in the AM and fill up. Don't even bother about try to find somewhere to refine it because the refinery in NO will be under water and so will some of the reserves in LA and TX.

[thackney]

If Bush doesn't release enough oil to make up for the disruption...it will be criminal!

The system is already in place. It is up to the oil companies to use it.

The U.S. Department of Energy has developed an on-line Crude Oil Sales Offer system for emergency sales of crude oil from the Strategic Petroleum Reserve.